the torch Summer 2016, Issue 2 - Page 19

G I F T P L A N N I N G Petsches support internal medicine residency program M ary K atherine “K athy” Petsche died on Over the years, the Petsches have made dozens of gifts to February 4, 2016. This summer, her legacy will be Baylor. Millions of dollars in support have been applied to sevused to help teach the newest internal medicine res- eral areas: research in oncologic nephrology, internal medicine idents at Baylor University Medical Center at Dallas. research and education, gastroenterology fellowships and Kathy and husband Arnold founded the A.E. Petsche Company arrhythmia and electrophysiology research. in 1966. It is an aerospace wire and cable Arnold favored the gift annuity option, distribution business based in Arlington, a simple contract between him, Kathy Texas. They grew the family business into and Baylor Health Care System an international company with more than Foundation. The Petsches would trans250 employees before retiring and selling fer cash to the Foundation in exchange the business in 2009 ... all while raising for a fixed income for one or both of their four children. lives. Upon Kathy’s death, two contracts The Petsches achieved great business ended. The gift annuity proceeds will be success but they also experienced heartused per their designation to train the ache. They lost their son, John, to leukenext generation of internal medicine mia when he was only four years old. physicians at Baylor Dallas. Thirty-five Later, their daughter, Susan, received residents are trained through this procare at Baylor for cancer. gram each year. “She was diagnosed with stage 4 kid“We, as a family, have dealt with canKathy and Arnold Petsche (seated) with ney cancer at age 44,” said her sister, son Alan and daughter Julie cer, heart issues, liver failure and other Julie Petsche Davidson. “She was things,” said Julie. “No one wants to be enrolled in clinical trials and received excellent care from Baylor. hospitalized, but when it happens it’s good to know you’re in the We believe these efforts allowed her to live eight more years.” best possible place — a place with the very best doctors, research Grateful for the care they received, the Petsches began a pattern and care. We want to return the favor by honoring the people and of giving back to Baylor. The most recent gift was in honor of the the organization that have given so much to us.” Petsches’ physician, Paul Neubach, M.D. “We first met Dr. Neubach during Susan’s illness. He became For more information on charitable gift annuities and the Petsches’ our family physician and has taken wonderful care of us over the story, go to www.BaylorHealth.PlanYourLegacy.org or contact Cynthia years. He cared for my mother until her death,” said Julie. Krause at 214.820.7928 or Cynthia.Krause@BSWHealth.org. B E N E FIT S O F C H A R ITA B LE G I F T A N N U IT I E S n Dependable, fixed income for life in return for your gift n An immediate income tax deduction for a portion of your gift n Often increases the yield you receive from stocks or CDs n Part of your annuity payment will be tax-free Baylor Health Care System Foundation does not provide legal, accounting or tax advice. Please consult your professional advisors for assistance in these areas. 19